Employers, unions, gov’t closer to reaching wage rise agreement

bbj.hu

Friday, January 5, 2007, 17:13

Employers, unions and the government came closer to an agreement on wage rises in 2007 at a Friday meeting of the National Interest Coordination Council, which represents the interests of businesses and unions, Econews reported.

Employers said they would accept a 4%-7% wage rise, after refusing earlier to accept a 3.5%-6% rise. Unions lowered their proposal to 8%-11% from the earlier proposed 15%, and the government widened its proposal to 5.5%-9%, compared to 6%-6.5% earlier. Employers complain that they must shoulder bigger profit tax and payroll tax burdens in 2007. Unions argue workers should be compensated for higher payroll taxes, which will reduce net wages 3.5%. The government, which originally aimed to see wages rises only as much as inflation, later said it would accept other proposals as long as they did not prevent targets in the government's Convergence Program from being met.

Related articles

Magyar Telekom, Telenor Magyarország and Vodafone Magyarország have been registered by Hungaryʼs National Media and Infocommunications Authority (NMHH) for the auctions for 5G spectrums, NMHH said today, according to a report by Hungarian news agency MTI.

Real estate market turnover was significantly weaker than usual in August, as a result of which the market closed its weakest summer period in the last four years, according to data by Duna House Barometer.

The board of listed holding company Opus Global will ask shareholders for a mandate to issue HUF 28.6 billion of bonds in the framework of the National Bank of Hungaryʼs Bond Funding for Growth Scheme (BGS) at an EGM on October 4, the agenda for the meeting shows, state news wire MTI reports.

European Business Awards has announced the seven national winners for Hungary, with the companies qualifying for the finals in Warsaw on December 3-4, according to a press release sent to the Budapest Business Journal.